Looking At Deere's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Deere.

Looking at options history for Deere DE we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $244,075 and 9, calls, for a total amount of $377,508.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $450.0 for Deere over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Deere's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Deere's whale activity within a strike price range from $150.0 to $450.0 in the last 30 days.

Deere Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
DE	PUT	TRADE	BEARISH	09/15/23	$440.00	$106.9K	24	0
DE	PUT	TRADE	BULLISH	09/15/23	$440.00	$83.0K	24	61
DE	CALL	TRADE	NEUTRAL	06/30/23	$400.00	$68.6K	480	17
DE	CALL	SWEEP	BULLISH	06/30/23	$400.00	$61.8K	480	167
DE	PUT	SWEEP	BEARISH	10/20/23	$350.00	$54.0K	66	1

Where Is Deere Standing Right Now?

With a volume of 341,829, the price of DE is down -0.41% at $407.82.
RSI indicators hint that the underlying stock may be overbought.
Next earnings are expected to be released in 51 days.

What The Experts Say On Deere:

Canaccord Genuity downgraded its action to Buy with a price target of $530
BMO Capital has decided to maintain their Market Perform rating on Deere, which currently sits at a price target of $425.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Deere, Benzinga Pro gives you real-time options trades alerts.

DEDeere & Co

$501.564.44%

Overview Rating:

Speculative

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